It is typical for the number of home sales to dip during the hot summer months in Phoenix. This is considered our “off season”. While other parts of the country slow down in the winter because of the cold, snowy weather, we slow down in the summer because people aren’t out and about looking for homes and sweating in the hot summer heat.
Across the range of home prices you see a decline in the number of home sales in Phoenix from June to July. There is an exception however (there’s always an exception isn’t there?), those homes priced between $250,000 and $324,999 saw a slight uptick in sales in July. Check out the graphs below.
Here is a rundown of the key stats in the Phoenix real estate market for July 2015 (we only looked at single family home sales):
- The median home price that sold in Phoenix in July was $215,000; this was $2,000 less than June. The average was $256,522, which was less than $271,850 in June.
- A total of 1,469 home sales occurred in Phoenix in July. 170 less than June.
- Interestingly, the amount of time the homes that sold in July sat on the market less time than in June. July’s average days on market was 60.33 days while June was 65.
The table below outlines the key sales figures in the Phoenix Real Estate Market in July of 2015 by zip code.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio SP to LP |
| Paradise Valley | 26 | $298.29 | $1,228,554 | $1,319,879 | 194.08 | 93.08% |
| 85253 | 26 | $298.29 | $1,228,554 | $1,319,879 | 194.08 | 93.08% |
| Phoenix | 1469 | $133.68 | $256,522 | $262,706 | 60.33 | 97.65% |
| 85003 | 6 | $241.55 | $341,333 | $350,600 | 53.17 | 97.36% |
| 85004 | 2 | $171.40 | $319,000 | $329,500 | 187.00 | 96.81% |
| 85006 | 27 | $151.69 | $190,716 | $195,911 | 57.19 | 97.35% |
| 85007 | 18 | $176.80 | $267,361 | $273,125 | 79.11 | 97.89% |
| 85008 | 29 | $140.81 | $203,369 | $207,697 | 69.93 | 97.92% |
| 85009 | 28 | $82.59 | $113,107 | $118,014 | 53.61 | 95.84% |
| 85012 | 8 | $163.87 | $359,375 | $377,900 | 186.13 | 95.10% |
| 85013 | 20 | $170.57 | $313,153 | $327,174 | 62.75 | 95.71% |
| 85014 | 19 | $187.63 | $317,574 | $325,787 | 55.47 | 97.48% |
| 85015 | 30 | $129.34 | $186,603 | $191,093 | 67.80 | 97.65% |
| 85016 | 34 | $200.41 | $419,847 | $436,679 | 60.62 | 96.15% |
| 85017 | 8 | $70.97 | $102,700 | $106,963 | 51.25 | 96.01% |
| 85018 | 57 | $250.06 | $547,426 | $562,916 | 70.93 | 97.25% |
| 85019 | 19 | $85.89 | $126,696 | $127,080 | 30.89 | 99.70% |
| 85020 | 49 | $162.95 | $373,823 | $392,947 | 73.59 | 95.13% |
| 85021 | 35 | $166.09 | $378,443 | $388,623 | 72.29 | 97.38% |
| 85022 | 55 | $138.97 | $280,963 | $287,322 | 70.89 | 97.79% |
| 85023 | 36 | $120.80 | $220,922 | $225,917 | 71.25 | 97.79% |
| 85024 | 52 | $142.72 | $256,502 | $260,208 | 61.19 | 98.58% |
| 85027 | 46 | $123.01 | $198,467 | $201,841 | 39.80 | 98.33% |
| 85028 | 34 | $160.27 | $346,162 | $354,213 | 62.38 | 97.73% |
| 85029 | 48 | $109.21 | $176,281 | $180,767 | 49.38 | 97.52% |
| 85031 | 26 | $77.39 | $120,577 | $125,267 | 39.04 | 96.26% |
| 85032 | 78 | $135.19 | $231,922 | $236,490 | 55.56 | 98.07% |
| 85033 | 48 | $88.51 | $125,294 | $126,071 | 34.56 | 99.38% |
| 85034 | 2 | $97.30 | $115,000 | $117,250 | 33.00 | 98.08% |
| 85035 | 31 | $91.81 | $134,500 | $134,592 | 43.74 | 99.93% |
| 85037 | 53 | $88.78 | $152,057 | $153,415 | 46.79 | 99.11% |
| 85040 | 27 | $92.27 | $133,367 | $136,776 | 72.07 | 97.51% |
| 85041 | 84 | $92.60 | $177,868 | $180,900 | 57.33 | 98.32% |
| 85042 | 40 | $109.52 | $199,906 | $203,971 | 46.30 | 98.01% |
| 85043 | 34 | $90.40 | $157,996 | $157,782 | 54.41 | 100.14% |
| 85044 | 52 | $151.58 | $281,498 | $287,907 | 54.31 | 97.77% |
| 85045 | 18 | $149.92 | $365,625 | $374,294 | 72.72 | 97.68% |
| 85048 | 63 | $151.25 | $362,520 | $372,095 | 65.19 | 97.43% |
| 85050 | 54 | $166.56 | $369,768 | $377,142 | 60.78 | 98.04% |
| 85051 | 41 | $93.75 | $150,656 | $151,841 | 54.76 | 99.22% |
| 85053 | 41 | $105.90 | $164,683 | $166,641 | 37.29 | 98.83% |
| 85054 | 5 | $192.86 | $456,400 | $465,600 | 53.40 | 98.02% |
| 85083 | 44 | $131.17 | $301,111 | $306,312 | 63.25 | 98.30% |
| 85085 | 38 | $140.64 | $372,594 | $381,676 | 116.92 | 97.62% |
| 85086 | 30 | $142.29 | $324,105 | $333,696 | 74.57 | 97.13% |
| Scottsdale | 485 | $211.93 | $637,785 | $665,771 | 102.88 | 95.80% |
| 85250 | 13 | $192.32 | $468,154 | $490,246 | 65.77 | 95.49% |
| 85251 | 27 | $189.88 | $345,613 | $356,506 | 44.56 | 96.94% |
| 85254 | 82 | $187.35 | $463,006 | $477,561 | 65.63 | 96.95% |
| 85255 | 101 | $247.41 | $926,416 | $976,771 | 118.54 | 94.84% |
| 85257 | 39 | $168.83 | $264,496 | $268,869 | 61.64 | 98.37% |
| 85258 | 41 | $215.12 | $553,407 | $576,527 | 95.66 | 95.99% |
| 85259 | 56 | $202.68 | $655,310 | $676,796 | 102.80 | 96.83% |
| 85260 | 57 | $198.08 | $516,675 | $533,833 | 93.91 | 96.79% |
| 85262 | 38 | $263.17 | $1,053,625 | $1,115,866 | 227.47 | 94.42% |
| 85266 | 30 | $216.14 | $721,927 | $754,391 | 143.57 | 95.70% |
| 85268 | 1 | $276.32 | $1,525,000 | $1,599,000 | 95.00 | 95.37% |
| Grand Total | 1980 | $155.01 | $362,676 | $375,319 | 72.51 | 96.63% |
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Metro Phoenix, Arizona. The narrative synopsis above is speaking only to single family detached homes within the city of Phoenix, Arizona.
Joe Janus & James Plotnik, real estate agents and Realtors® specializing in the buying and selling of Distinctive Arizona Homes in Metro Phoenix, Scottsdale and Paradise Valley, Arizona.
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